Topic: Don’t Fall Prey to these Market Sentiments and Save your Bitcoin (Read 322 times)

When there is an increase like now there will be a lot of temptation to sell immediately, especially those who have already bought at $ 16k, and the current price has almost touched $ 24k or a profit of more than 40%, in my opinion now it is not a good idea to sell because of the potential for an increase will continue to happen, we will regret it if later the price gets more expensive.

The hold part is a bit harder, the other three I can agree on. The hold part is harder because at the end of the day we are talking about something that would be hard to achieve, maybe it will drop right after you sell and you will be doing great job, or maybe it won't drop and keep going up and you will miss so much profit chance. That is why I highly suggest that you end up with something that is a lot better if you keep working towards holding.

If you hold, even when it is dropping, you could do DCA and recover that, there is an option to do that at least. But if you don't hold and it goes up, there is no way you could recoup that loss so it's gone. I would say keep holding even until it's too late is better.

I am glad you consider my suggestion to be helpful. 
If you need some information on the methods and things to watch out for when dealing with whales while trading, I'll give you a link towards a video by a nice crypto youtuber, you probably know him. you can check on his channels for other videos about whales and market manipulation, they are very informative.

https://www.youtube.com/watch?v=ltcnTTeDFjY

Do not forget to also mention how the whales set both red and green walls on the books orders to control the price on Bitcoin.

Bitcoin has prospects for the long term and we must have a goal of at least 5-10 years to invest in bitcoin and this will mean much more than the short term, about noise outside or even negative news that makes them panic we must be able to refrain from that situation The most important thing is never to store assets on an exchange, so we will not lose them or their value because bitcoins are still bitcoins if they are not sold.

True, if I buy the average bitcoin (DCA) from now to decades to do this it is the same as saving money for our retirement later, in fact it will be worth more than saving fiat which will become inflation.

Well, the best way is DCA (dollar-cost-averaging) or weekly or monthly if it becomes a routine, our bitcoins will accumulate in old age.

I notice that lately there are many bears out there. They are advising people to sell. However where were they during the $60K Bitcoin days? Why not tell people to sell then.

You got these investment firms like Morgan Stanley and JPM and they are saying to “sell crypto now” or if you own stocks to “sell now before a 20% correction”. And yet when there was a booming bubble they were telling retail to buy more and look what happened. This is why you shouldn’t trust anyone when it comes to investing.

Market sentiment is a thing that happens very often and indeed can have a lot of impact on assets. because that's the importance of emotional management here because every investment in crypto or especially Bitcoin, there will always be times when the Bitcoin price drops very far, the sentimental market is very high, and there is FUD everywhere so that the Bitcoin market drops even more. With an awareness of good emotional management and a high level of patience, we, equipped with understanding and knowledge, should be able to convince ourselves that this is a sentimental market and that we don't need to panic. right, hold your coins and keep them until the price reaches the target. No need to worry because we believe that Bitcoin will always go up in the future.

The present market is the time to get back additional earning through some means. Rather than depending on other people you need to keep yourself prepared. Different people have come with various predictions about the market and the outcome might vary much. Because, these are all lomg back Susan one's.

You gave DCA as something to do instead of hodling, at least that's how I understood this because you say we should not HODL and DCA instead.

I find this strange because I DCA to HODL. I don't take my profits because that means taxes. In some countries you don't pay taxes when you hold your coins and if I were to add bitcoin network fee, exchange fee and tax to go to fiat and then back from fiat into bitcoin I'd only add unnecessary risk to my investment without getting any profit. It makes sense for a trader but there are different people with different goals and not all of them will want to sit in front of a screen all day trading.

This is a great way to keep your emotions controlled. I'm a HODLing person, but that has pushed me towards loss. I bought $550 worth of cake in 2021. I put all of them on staking. And I was making good passive income until the bear hits in 2021's end. I was able to sell some like 25% and all the other was in staking. Then they launched locked staking where you put all your assets for a certain amount of time, and you can't withdraw them until the time's over.
I really wish I knew what DCA was back then. I would have never put all my assets in one thing and instead keep on DCA. i've sold all of them because of a medical emergency. Otherwise, I would've HODL them till the next bull run. But it is what it is now. I hope OP's post will help many people in a way that they will be able to keep their assets safe.

IMO hodling is the lesser of all evils listed here. You don't even have to do anything, just buy and hold then sell if you think profits are already enough. Holding coins only becomes a problem when people are greedy and think that there will still be a price increase bound to happen even though the orderbooks and volume are currently showing the asset as overbought. The practice in itself isn't bad, but the problem is on people that are not really paying attention to the writings on the wall.

Bitcoin will always be profitable especially if you see it as a long term investment. Forget about bitcoin as as a get-rich-quick scheme as only poor minds fall for it, that’s why they never end up successful investing in bitcoin because of that mindset. But if you keep doing DCA everytime there is an opportunity to buy, and you place them for long term hodling, that’s when you start seeing sustainable profits and even put yourself in a very good position as long as you keep the faith by hodling your bitcoin, and you stay out of panic buying and selling.

Yes, that's why i tried to wrote them under one title,


i admire your optimism about bitcoin, Well every person has their own agenda regarding to hodling the btc. some hold them to make money in short period of time and some hold it to use in retirement. well my question to you is, what those will do who are already retired. Well i think they should hold it for there next generations. well this previous sentence is used as marketing scheme in new coming shit coin where they say to traditional people that. You would not live a life like this if you fathers would have saved btc in the 2010, But no worries now is the time you guys can buy our shit token and prevent your self from the mistakes your fathers made. hahaha lol.

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dear, i'm not saying anyone to sell there holdings. why are you felling prey to my article, it's just an informational article. You are the one who have to decide whether you should sell it or not. And for the clarification of your confusion/doubt, maybe i got your context wrong. but let say it

I tried to tell that. for example, one who hold money from 2018 bought it for around lets say $3,700 and they hodl it for around 10 years, lets say the price in 2028 will be around $120,000 (just assume). Profit becomes = $116,300. Let's say we the hodler keep an eye on the market and observe the sentiments of market. and try to sell it at ath in 2021. around $69,000. profit = $65,300. After collecting that profit we all know according to cycle price of btc will touch it atl of the cycle which was around $16,000. After buying at that point. and selling at $120,000  target now, total profit becomes = $169,300. which is more than $116,300.

Well, i still agree with you, well if i'm in 2018 i would or would not be optimistic as i do not know the future at least. But i would also like to hodl my btc of $3,700 why because traditional hodler think that he/she bought that btc at low price why he/she sell it at $69k and why i should take risk of selling it at $69k while i have no idea that either it will come to $16k or not. So they prefer to hold their btc.

But we have to understand the value of $3,700 of 2018 and value of $16k in 2021. Everything depends upon the value of assets not the number of prices. (I think i have got another topic lol). i hope you got my point.


i will keep your taste in my mind, Next time i write content and will try to make it interesting. thanks for your honest review.



Wonderful suggestion that is! I will try to write something on that and i will include it by replacing with P&D scheme heading. I was also thinking of removing it. But i think now.

Personally, I would not include the Pump n' dumb in this compilation, since we are talking about Bitcoin and added to your commentary on Bitcoin's decentralization there is also the fact Bitcoin  liquidity is so high that it cannot be easily serve as medium to pump n' dump unknowingly victims.

instead I would mention some of the tricks of the Bitcoin whales to influence the market to their favor, it sounds more in tune with Bitcoin.

Anyways, good contribution, I guess.  

I've got your thread open in another tab, and I'm going to read it shortly--but even without reading it, I have a very definite opinion on 'diversification' in crypto.  That term is applicable to the stock market, where there are different industries whose earnings vary based on a number of factors, and they aren't all correlated.  But crypto?  First, very few coins aren't correlated with bitcoin and second, 99.9% of altcoins are pure shit and will never be used for anything but speculation when there's interest in them.  Some are red-hot for a while and then just fizzle out, and even with bitcoin being as volatile as it is I think it's far safer to hold it rather than buying a basket of altcoins.

As for the points OP made, they seem to be targeted to newbies who haven't heard those terms, which are regurgitated so many times all over the internet and even in the mainstream media that it's annoying at this point.

Of course, diversification of traditional markets is based on different stocks rom different industries, for example but also much broader like precious metals such like Gold or even real estate.
It's very different from crypto, where we can just go for BTC and, if we want to have more gains but also more risk of course, buy some Altcoins. But it's increasing risk of course.

Ok, makes sense now. 

Sounds fair, I've been just interested because it's a very detailed article and a good read of course.
I've doubled my Merit for your post, good work and you put quite a lot effort into it. It's also a very good presentation of content by suitable formatting. 

Where did this meaning of HODL came from? Isn't it that it's just a misspelled typed word of someone who's drunk. Well, whoever and whatever was the meaning of it, why is should be avoided?

You can't tell someone who's been holding for years and then made a decent profit out of it to say that he should avoid it. Experience wise, holding is profitable especially if you're holding good cryptos and the number 1 of it, BTCitcoin.

The best advice to follow is to see bitcoin as a long term investment vehicle. Ignore all outside noise, FUD & short term price movements. You will not lose money if you buy bitcoin & hold it long term. For any noob, just starting to buy now, it might be hard for you to become rich by buying only bitcoin in the short term but if you buy bitcoin regularly over many years you will be in a good position.

Save bitcoin alongside regular monthly fiat or pension contributions. 20 years of DCA (dollar-cost-averaging) monthly into bitcoin will put you in a nice position to enjoy a comfortable retirement.

Good write up OP - well done.

Unfortunately so many have and will be caught right up in exactly what your write about.

So many will need proof that the market is going up, they cannot see the long term and
will succumb to FOMO at the 12th hour before the markets "correct" and then
they will get influenced by FUD.

Just a little knowledge of the markets by reading your post for example will provide
some insight as to what to expect.

Yes 1miau, i read your diversification article and its really interesting. There is no doubt in your context. because diversification has more benefits in traditional market because that market has more sustainability and crypto market is very volatile. i think i made a mistake here by writing Diversification instead of DCA. because diversification means, investing your money into different types of securities or assets. and as we are talking about only btc then i must have to write dollar cost averaging method to avoid hodling to save btc.

Appreciate your concerns, i will edit the post and change it into DCA. Thanks buddy,

And Also thanks for the appreciations. and coming on to the genuity. i tried to provide source links to almost most important facts and figures i used in this article to prove genuity. Additionally, i read different article to get clear concept so i can write in a way that others can understand. So i hope you get the answer. I did not add those article links ofcourse not of every article. Do i have to add? or is it ok, i thought it would be overcrowded with links then. Yeah and the pictures i edit them myself on Canva.


Thanks for the appreciations.

Exactly,


yes davis196, i appreciate your concerns about correcting information, Firstly the biggest and worst market sentiments like, concerns related to regulations, security risks and enviromental conerns etc. these topic require lot of information and can not be covered under the roof of one article, or if you have on your mind then share, i will try to cover them separately with corelation to each other for better understanding. P&D scheme is for informational purposes, i think i also made mistake by writing not few lines in the heading "Why should we avoid Pump and Dump Schemes?" I will add some line just to clear things out. or if you want this heading to be removed or replaced then also i am open to hear you.

OP, you forgot to mention the biggest and worst market sentiment, when it comes to Bitcoin-panic selling. I think that panic selling doesn't belong to the FUD category and it should be on it's own category.
I don't agree that HODLing is a wrong market sentiment for Bitcoin. Maybe HODLing is wrong when you want to HODL some altcoin or token for the long run. I'm sure that HODLing middle-sized altcoins and tokens, that belong to shady crypto projects is a recipe for losing your money.
The pump and dump market sentiment doesn't apply to Bitcoin at all. I don't know why did you put it in this list. The pump and dump schemes are focused solely around shitcoins/tokens.